Merlin Tripoli
ActiveMerlin Tripoli has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €666k and a net result of €11k. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 8002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-6
Solvency36=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.29 in 2024; short-term debt: 9.8% and cash: 0.1% of total assets), and 88.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.5%
Return on assets
0.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 8002 sector peers (2025).
NBB · sector comparisonPosition among 8002 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
92 d early
2019
38 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€666k▲ 1.7%
2024 · €655k
2018: €4k
2019: €299
2020: €-4k
2021: €521k
2022: €530k
2023: €537k
2024: €655k
2018 → 2025
Total assets
€5.80M▼ 6.9%
2024 · €6.23M
2018: €21k
2019: €21k
2020: €1k
2021: €5.10M
2022: €7.19M
2023: €6.64M
2024: €6.23M
2018 → 2025
Net result
€11k▼ 90.5%
2024 · €118k
2018: €-4k
2019: €-3k
2020: €-4k
2021: €5k
2022: €8k
2023: €8k
2024: €118k
2018 → 2025
Working capital
€-346k▲ 3.8%
2024 · €-360k
2018: €4k
2019: €899
2020: €-3k
2021: €-254k
2022: €-828k
2023: €-485k
2024: €-360k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€521k-€530k▲ 1.6%€537k▲ 1.5%€655k▲ 21.9%€666k▲ 1.7%
Operating result€73k-€146k▲ 101%€228k▲ 55.7%€360k▲ 58.0%€208k▼ 42.3%
Net result€5k-€8k▲ 80.4%€8k▼ 7.3%€118k▲ 1,395%€11k▼ 90.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.80M
Fixed assets
€5.58M▼ 8.3%
Current assets
€224k▲ 49.4%
Equity and liabilities €5.80M
Equity
€666k▲ 1.7%
Debt
€5.14M▼ 7.9%
The debt ratio falls from 89.5% to 88.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€744k▼
2024 · €888k
Cash flow
€547k▼
2024 · €646k
Solvency
11.5%▲
2024 · 10.5%
Current ratio
0.39▲
2024 · 0.29
Quick ratio
0.39▲
2024 · 0.29
Debt / equity
7.71▼
2024 · 8.51
ROE
1.7%▼
2024 · 18.0%
ROA
0.2%▼
2024 · 1.9%
Interest coverage
3.86▼
2024 · 4.31
Debt
€5.14M▼
2024 · €5.58M
Debt ≤ 1 year
€571k▲
2024 · €510k
Debt > 1 year
€4.56M▼
2024 · €5.06M
Income taxes
€4k▼
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.23M€5.80M▼
Fixed assets21/28€6.08M€5.58M▼
Tangible fixed assets22/27€6.08M€5.58M▼
Other tangible fixed assets26€6.08M€5.58M▼
Current assets29/58€150k€224k▲
Amounts receivable within one year40/41€17k€219k▲
Trade receivables40-€137k
Other amounts receivable41€17k€82k▲
Cash at bank and in hand54/58€133k€5k▼
Equity and liabilities
Total equity and liabilities10/49€6.23M€5.80M▼
Equity10/15€655k€666k▲
Contributions10/11€539k€539k=
Reserves13€8k€8k=
Distributable reserves133€8k€8k=
Profit (loss) carried forward14€109k€120k▲
Amounts payable17/49€5.58M€5.14M▼
Amounts payable after more than one year17€5.06M€4.56M▼
Financial debts170/4€5.06M€4.56M▼
Amounts payable within one year42/48€510k€571k▲
Current portion of amounts payable after more than one year42€502k€567k▲
Trade debts44€9k€4k▼
Suppliers440/4€9k€4k▼
Other amounts payable47/48€135€135=
Accrued charges and deferred income492/3€8k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€529k€536k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€890k€745k▼
Operating profit (loss)9901€360k€208k▼
Financial income75/76B€49-
Recurring financial income75€49-
Financial charges65/66B€206k€193k▼
Recurring financial charges65€206k€193k▼
Profit (loss) for the period before taxes9903€154k€15k▼
Income taxes67/77€36k€4k▼
Profit (loss) for the period9904€118k€11k▼
Profit (loss) for the period to be appropriated9905€118k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€109k€120k▲
Profit (loss) brought forward from the previous period14P€-9k€109k▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €118k ▲1395%
Operating result €360k, net result €118k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
31-12
Financial
Equity above €500kEq €521k
Equity rises from €-4k to €521k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schoten · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heidebloemlei 482900 SchotenGround area
2,462 m²
Building footprint
215 m²
Volume, LiDAR
1,557 m³
Parcel 11040D0280/00P014, Flanders · tallest building 15.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Merlin Tripoli
since 20072.290.695.976
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0280/00P014 | Flanders | 2,462 m² | 1 · 215 m² | 15.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TROPIC INTERPORT
BE 0440.065.244
Etterbeek · Eq €664k
SKY EUROPE
BE 0472.379.706
Herzele · Eq €673k
TRANS ATLANTIC TRADERS
BE 0469.403.883
Sankt Vith · Eq €676k
DEPOORTER
BE 0479.183.364
Londerzeel · Eq €684k
MATRACO
BE 0424.204.853
Hasselt · Eq €687k
Of 1,075 companies in sector 46140 we hold annual accounts for 644. 419 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-07-2007
Fiscal year end31-12
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.